Multiple Choice
Assuming that the marginal utility of wealth diminishes implies that
A) you have more total utility with $100 than with $1,000.
B) you have more total utility with $1,000 than with $1,001.
C) an additional dollar increases your total utility more if you only have $100 than if you have $1,000.
D) an additional dollar does not increase your total utility regardless of your wealth.
Correct Answer:

Verified
Correct Answer:
Verified
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